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Updated about 6 years ago on . Most recent reply

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Jeffrey Trudeau
  • Rental Property Investor
  • Weymouth, MA
0
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6
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FHA Mortgage Question

Jeffrey Trudeau
  • Rental Property Investor
  • Weymouth, MA
Posted

My brother and I are currently on the search to purchase a primary residence with a FHA loan in MA.

We are looking at 2/3/4 unit residential properties mostly.

Today we came across an off market deal from a family friend. She has 2 homes for sale (right next door to eachother, on separate lots). A 3 bedroom and a 1 bedroom home.

Question 1: Is it possible to buy both properties together under 1 FHA mortgage?

Question 2: Could we move into the larger home and rent out the 2nd? (I’m assuming no)

I have minimal experience with residential loans, my current rentals are commercial.

Thanks!

Jeff

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